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...billion in assets under management. Crédit Agricole, a network of mostly rural savings banks, was for almost two years the preferred candidate to take over the government's 10.9% stake in Crédit Lyonnais. But talks bogged down. In November, when Agricole ceo Jean Laurent (pictured) tried to haggle the government's final offer of €44 per share down to €42, the Finance Ministry lost patience and called an auction. France's biggest bank, BNP Paribas, gobbled up the stake for €58 per share. Agricole realized it goofed, replaced its chairman...

Author: /time Magazine | Title: High Price to Pay for a Botched Buy | 12/22/2002 | See Source »

Just in time for the holidays comes a fashion trend that can double as gift wrap: satin ribbons. Ultrafeminine sashes, already considered hip by 4-year-old girls, are becoming must-haves for women 10 times that age. Tom Ford for Yves Saint Laurent Rive Gauche, Dolce & Gabbana and Prada are among the fashion powers touting the look in recent collections, tying ribbons onto blouses, dresses and shoes. Popular downmarket retailer Hennes & Mauritz (H&M) and other mainstream mall outlets have also appropriated the ribbon theme for everything from belts to tank tops. Whether tying them in bows or leaving...

Author: /time Magazine | Title: Style Watch Essentials: Tie This On for Size | 12/9/2002 | See Source »

FABULOUS YVES SAINT LAURENT RIVE GAUCHE'S black silk skirt with velvet detail. Perfect for an art-gallery fund raiser...

Author: /time Magazine | Title: Fall Looks That Won't Fail | 10/28/2002 | See Source »

...thus fuel consumption. As designers explore other uses, recycled beer can handbags can't be far off. - By Kate Noble ADVERTISING A Naked Bid for Attention Break out the champagne, get out the party lights, strike up the band - the last taboo has finally been broken. Yves Saint Laurent, under creative director Tom Ford, has produced the world's first advertisement with full-frontal male nudity. The bits in question belong not to Ford but to former martial arts champion Samuel de Cubber. Ford calls it a "very academic nude," and says it is meant to pay homage...

Author: /time Magazine | Title: Polished Performer | 10/27/2002 | See Source »

...last spring that its largest exhibition devoted to a single designer would celebrate Versace, the fashion press asked: "Why?" The V&A's reply - that this year marks the fifth anniversary of Versace's murder - seemed less than convincing. There were other, more compelling milestones. For example, Yves Saint Laurent - a designer who did far more than Versace to change the way women dress - recently retired. Might not a retrospective have been in order? The most likely explanation for the V&A show is that Versace's shimmering, flamboyant designs are guaranteed crowd pleasers in a way that Saint Laurent...

Author: /time Magazine | Title: Fame Trumps Fashion | 10/20/2002 | See Source »

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